Marlin Equity Partners Closes First European Fund At €325M

Jul 14 2016 | 9:43pm ET

Marlin Equity Partners has raised €325 million in capital commitments for its first dedicated European buyout fund, significantly surpassing its original target of €200 million. 

The new fund, named Marlin Heritage Europe LP, will target investments in the lower middle market generally among companies located across Europe, according to the company. Consistent with Marlin’s prior funds, it will seek to invest in businesses that can benefit from the firm’s significant capital base, deep industry relationships and substantial network of operational resources, and will continue Marlin’s focus on technology, business services, healthcare, consumer and manufacturing sectors, among others.

Marlin Heritage Europe was offered exclusively to existing investors in Marlin’s lower middle market focused Heritage Fund platform and closed at its hard cap in just over two months, the company added. 

Marlin has invested in European businesses since 2006 and established a local European presence in January 2013 with the opening of its London office. 

“The formation of the Heritage Europe Fund is primarily driven by our strong deal flow and the attractive investment opportunities we are seeing throughout Europe,” said David McGovern, managing partner of Marlin. “Our ability to raise the Heritage Europe Fund in just over two months further validates our growing reputation and brand recognition as a leading player in the European private equity market. 

Bruce Ettelson, Karin Orsic and Katie St. Peters of Kirkland & Ellis LLP served as legal counsel, and Credit Suisse Securities (USA), LLC acted as an advisor and placement agent for the fund, Marlin said. 

Headquartered in Los Angeles, Marlin has closed six private equity funds since its inception in 2005 and has more than $3 billion of capital under management. 

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